America is increasing pressure on China to stop importing Iranian oil

America is increasing pressure on China to stop importing Iranian oil
America is increasing pressure on China to stop importing Iranian oil
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Iranian oil exports increased

Shipments of Iranian crude and refined products have jumped in recent months. Much of the oil seems to be destined for China, the world’s largest importer, and its source is disguised as coming from Malaysia.

The Persian Gulf country’s exports rose to about 1.4 million barrels per day last month, the highest level in nearly four years, according to data from shipping analytics firm Vortexa.

Read more: Iranian oil is pouring into the global market as China’s imports soar

Mali denied that the United States – as some energy traders speculate – would be happy to have Iranian oil on global markets as long as it helps keep prices under control.

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Brent crude climbed to nearly $130 a barrel in the wake of Russia’s attack on Ukraine last year, which caused a sharp rise in gasoline prices in the United States and hurt President Joe Biden politically. Since then, oil has fallen to $88, but many analysts, including Goldman Sachs and Morgan Stanley, expect it to rise above $100 again later this year.

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On Iran’s increasing oil exports, Mali said: “No, we are not satisfied.. Can we implement our sanctions perfectly? No.. But we will do everything we can to make sure they are implemented.”

Mali reiterated statements by other US officials that talks with Iran on reviving the nuclear deal since 2015 have largely collapsed. He said the United States is focused on preventing Iran from using violence against protesters at home and from supporting Russian operations in Ukraine.

Mali added, “Our focus has shifted toward Iran killing its own citizens and what we can do to counter that, and to counter Iran helping Russia kill Ukrainian citizens and what we can do to deter and stop that…the nuclear deal was not on our agenda.”

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